Apple Inc. (NASDAQ:AAPL) had its price target raised by stock analysts at BMO Capital Markets to $195.00 in a report issued on Friday, The Fly reports. The brokerage presently has an “outperform” rating on the iPhone maker’s stock. BMO Capital Markets’ target price points to a potential upside of 16.00% from the company’s previous close.

A number of other research firms have also recently weighed in on AAPL. Drexel Hamilton reaffirmed a “buy” rating and set a $202.00 price objective on shares of Apple in a research report on Thursday, July 6th. Barclays PLC reissued a “hold” rating and issued a $146.00 price target on shares of Apple in a report on Monday, September 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $180.00 price target on shares of Apple in a report on Monday, September 11th. Morgan Stanley reissued an “overweight” rating and issued a $194.00 price target (up from $182.00) on shares of Apple in a report on Tuesday, September 12th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $170.00 price target on shares of Apple in a report on Tuesday, July 25th. Eight analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $194.99.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. Apple had a return on equity of 35.40% and a net margin of 20.87%. The firm had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. During the same period in the previous year, the firm earned $1.50 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis.

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In related news, CEO Timothy D. Cook sold 268,623 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Johny Srouji sold 5,892 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $161.00, for a total value of $948,612.00. Following the sale, the insider now owns 70,358 shares of the company’s stock, valued at $11,327,638. The disclosure for this sale can be found here. Insiders have sold a total of 541,177 shares of company stock valued at $85,864,804 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Stone House Investment Management LLC increased its position in Apple by 0.4% during the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock valued at $226,000 after buying an additional 6 shares in the last quarter. FC Advisory LLC increased its position in Apple by 0.4% during the 2nd quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock valued at $371,000 after buying an additional 10 shares in the last quarter. Jackson Grant Investment Advisers Inc. increased its position in Apple by 0.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock valued at $782,000 after buying an additional 17 shares in the last quarter. Lenox Wealth Advisors Inc. increased its position in Apple by 0.4% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after buying an additional 20 shares in the last quarter. Finally, BerganKDV Wealth Management LLC increased its position in Apple by 0.4% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 5,614 shares of the iPhone maker’s stock valued at $809,000 after buying an additional 20 shares in the last quarter. 60.33% of the stock is currently owned by institutional investors.

Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

The Fly

Analyst Recommendations for Apple (NASDAQ:AAPL)

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